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<Research> CLSA Raises MIDEA GROUP (00300.HK) TP to HKD99; 1Q26 Net Profit Outperforms Peers
CLSA said in a report that MIDEA GROUP (00300.HK) (000333.SZ) recorded revenue and net profit growth of 2.5% and 2% respectively in 1Q26, outperforming peers. Its domestic sales gr...
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<Research> CLSA Raises MIDEA GROUP (00300.HK) TP to HKD99; 1Q26 Net Profit Outperforms Peers
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CLSA said in a report that MIDEA GROUP (00300.HK)  +1.650 (+1.833%)    Short selling $489.23M; Ratio 43.304%   (000333.SZ)  +0.760 (+0.929%)   recorded revenue and net profit growth of 2.5% and 2% respectively in 1Q26, outperforming peers. Its domestic sales growth was faster than overseas sales. The broker expects that as weakening domestic demand slows domestic sales, overseas sales will accelerate to high single-digit growth in the future on a lower base. It views MIDEA GROUP's cooperation with Electrolux in N America as the official start of the MIDEA brand penetrating the US market.

CLSA raised its earnings forecasts for MIDEA GROUP and lifted its TP for the H-shares/A-shares to HKD99 and RMB90 from HKD94 and RMB86 respectively, mainly reflecting lower marketing expenses. The Outperform rating was maintained. (ha/u)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-05-15 16:25.) (A Shares quote is delayed for at least 15 mins.)

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